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After Trump’s tax law increasing the standard deduction, about 14% itemize. https://taxfoundation.org/standard-deduction-itemized-deductions-current-law-2019/ h
by kortilla 4y ago
After Trump’s tax law increasing the standard deduction, about 14% itemize. https://taxfoundation.org/standard-deduction-itemized-deductions-current-law-2019/ https://taxfoundation.org/standard-deduction-itemized-deduct...
So what you’re proposing would work for most individuals. I don’t agree with the “accounting firm handling all this” for the remaining thought (unless you count TurboTax as an accounting firm).
- geraldwhen 4y agoThe TCJA saves me a day every year doing taxes. Love it.